Sui Foundation Secures Loan to Support Cetus User Compensation

The Sui Foundation has pledged a secured loan to Cetus, an initiative aimed at swiftly compensating affected users for recent asset losses. According to Foresight News, this funding will specifically address the stolen assets that have been transferred out of the Sui network and across various blockchain chains. Cetus’ team will utilize both the loan proceeds and funds from its own reserves to cover these stolen assets.